Ampco-Pittsburgh (NYSE:AP) Now Covered by StockNews.com

StockNews.com began coverage on shares of Ampco-Pittsburgh (NYSE:APGet Rating) in a research note issued on Friday. The firm set a “buy” rating on the industrial products company’s stock.

Separately, TheStreet cut shares of Ampco-Pittsburgh from a “c-” rating to a “d+” rating in a research report on Thursday, April 7th.

NYSE AP opened at $4.75 on Friday. The company has a market capitalization of $91.16 million, a price-to-earnings ratio of -7.09 and a beta of 0.92. Ampco-Pittsburgh has a twelve month low of $4.12 and a twelve month high of $7.21. The stock has a fifty day simple moving average of $5.91 and a 200 day simple moving average of $5.56. The company has a quick ratio of 0.80, a current ratio of 1.51 and a debt-to-equity ratio of 0.45.

Ampco-Pittsburgh (NYSE:APGet Rating) last posted its quarterly earnings data on Wednesday, March 16th. The industrial products company reported ($0.23) earnings per share for the quarter. The company had revenue of $84.51 million during the quarter. Ampco-Pittsburgh had a negative net margin of 3.68% and a negative return on equity of 5.15%.

A number of institutional investors and hedge funds have recently modified their holdings of AP. Barclays PLC boosted its position in shares of Ampco-Pittsburgh by 251.3% during the 3rd quarter. Barclays PLC now owns 5,824 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 4,166 shares in the last quarter. Morgan Stanley boosted its position in shares of Ampco-Pittsburgh by 15.3% during the 3rd quarter. Morgan Stanley now owns 14,827 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 1,965 shares in the last quarter. Nierenberg Investment Management Company Inc. bought a new position in shares of Ampco-Pittsburgh during the 3rd quarter worth about $412,000. Hunter Associates Investment Management LLC bought a new position in shares of Ampco-Pittsburgh during the 3rd quarter worth about $649,000. Finally, BlackRock Inc. boosted its position in shares of Ampco-Pittsburgh by 1.0% during the 4th quarter. BlackRock Inc. now owns 208,789 shares of the industrial products company’s stock worth $1,044,000 after purchasing an additional 2,104 shares in the last quarter. 43.55% of the stock is currently owned by institutional investors and hedge funds.

Ampco-Pittsburgh Company Profile (Get Rating)

Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. It operates in two segments, Forged and Cast Engineered Products (FCEG); and Air and Liquid Processing. The FCEG segment produces forged hardened steel rolls that are used in cold rolling mills by producers of steel, aluminum, and other metals; cast rolls for hot and cold strip, medium/heavy section, hot strip finishing, roughing, and plate mills in various iron and steel qualities; and forged engineered products for use in the steel distribution, oil and gas, and aluminum and plastic extrusion industries.

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